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democrats on the fence to say, hang on a moment. >> bill, if they've got time to have a hearing with stephen colbert they can take a vote on pending tax relief. i believe all the tax cuts would be extending but they just don't want to hold that vote. bill: on the screen you can see for a family of four making $50,000 a year, if the tax cuts are not extended they will pay $2,900 more in taxes during a time when as you no and you've stated and we talked to stu varney that the economy is still struggling. family of four making a hundred grand a year pay $4,500 more in taxes. how do you think thinks this is going to happen. >> hopefully it will not. if the hreps -- republicans are in the house and senate you won't see any increase in taxes. this adds to uncertainty, we hear our small businesses talking about itment there is a growing i think incompetent in governing in washington. this is damaging i think for the democrats across the board. bill: one more question. john boehner said in his responsible, the most irresponsible thing he has ever known congress to do. is that hyperbole or do you agr
to be up to every detail. bill: and, stephen hayes and marion marsh are coming up to debate the topic you are talking about. stay tuned for that great panel and a big issue here, in the meantime, voters waiting to see what congress does about the expiring tax cuts, both parties divided over whether or not to extend them, to all americans, and, democratic leaders have yet to make a move on the issue and that change -- will that change today, we wonder, molly henneberg, camped out on the hill, what this is democrats' strategy at play. >> reporter: that is what everybody is waiting to see, how the democrats will proceed with this and the nation's most high-profile democrat, president obama, will speak about the bush tax cuts later today. that is what we are given to expect. and, the tax cuts that are -- apply to virtually every taxpayer that are set to expire at the end of the year unless congress acts and the president said he wants to extend the tax cuts for households that make $250,000 or less and, democrats led my harry reid, are trying to figure out how to do that but as yet no bill is
everybody back to work. martha: stephen moore, is an economic writer at the "wall street journal." good to see you. >> hi there. martha: a couple of things i take away from what austan goolsbee said, they try to manage down expectation and don't want to say things will get better when we have a long way to go. >> that's right, by the way, martha, i have known him several years and is a good economist but what he's disabilities of here is being honest, here. being honest about the repercussions of the stimulus bill, we probably are going to have a number of more months of 9%-plus unemployment, and, this, i think is an admission, at stimulus plan did not work. remember, we were promised an unemployment rate of less than 8% by now. martha: why they are backing away from specific numbers, because, the 8% number has hung around their shoulders in an unpleasant way and there's the august number, 9.6, the highest rate of 10% and nobody is feeling great at 9.6%, and, the stimulus package, there's still a lot of money left in that. a lot of folks wonder why can't we use the money for the new sti
to your paycheck next year if tax cuts are not extended. stephen moore, senior economic writer for the wall street journal, good morning to stkpwhraou by hill. -- hi bill. >> bill: if you make $50,000 a year, your taxes will go up $2900, starting when, the third week in january? >> january 1, 20 # one. as soon as that clock hits midnight, the new year brings those tax increases. >> if you're making $100,000 a year, your taxes go up $4500. >> yes. by the way, bill, let me just say one thing about this, it depends on how many kids you have, because remember there was a child credit in the 2001 and 2003 tax bill, so this is -- i think those examples you're using are for a family of four with two kids. bill: clarification, it is a family of four, based on our research and our brain room. the president has said he signed eight pieces of legislation already that provide small business tax cuts, and your tax haven't gone up in this administration, your taxes have gone down. is he right? >> well, he's partly right. it's true that he has signed a lot of legislation that's supposed to he
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